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Business

Toray Gets Big Boeing Contract

by Marc S. Reisch
November 24, 2014 | APPEARED IN VOLUME 92, ISSUE 47

Japan’s Toray Industries has won a 10-year contract to supply Boeing with carbon fiber for the wings of the 777X, a new generation of passenger aircraft. Industry reports put the contract value at $2.6 billion. Toray already supplies Boeing with carbon fiber, a lightweight structural material that replaces metal, for the 787 Dreamliner. Toray says the contract extension means it will provide Boeing with fiber worth more than $8.5 billion over the next decade. To meet the supply requirements, Toray plans to move ahead with building a new fiber facility in Spartanburg, S.C., on land it acquired earlier this year.

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